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Penny Share Review 495

Monday 01 June 2009

Fall in the share price of Cantono (CTNO), before it was suspended pending clarification of the financial position, was reported by The Times on Saturday. The shares remain suspended.

The “Ones to watch” section of the Daily Express on Saturday included Northern Petroleum (NOP), commenting that the shares had doubled since March. The piece outlined healthy cashflow, with two new fields to come on stream this year and four exploration wells scheduled, as well as an operation co-investing with Shell, and the potential for more farm-out deals. Following this press attention, the shares were 2.00p healthier at 130.00p.

PLUS Markets Group (PMK) appeared in Saturday’s Daily Express, which noted that the shares had “soared” after resolution of its dispute with the London Stock Exchange, regarding trading services for AIM listings. This was also highlighted by The Daily Telegraph and The Times on Saturday, as well as today’s Express, but the momentum failed to spill over into this week’s trading, where the stock fell by 0.375p to reach 7.625p.

Prices above were taken at 10:50am Monday, 1 June 2009.

Announcements

The following companies, in which City Equities customers may have an interest, released announcements to the market this morning. These can be found by entering the relevant company name or ticker code in the search box on this site.

1PM (OPM): Directorate Change, Placing and Additional Debt Financing.

Ariana Resources (AAU): Final Results.

Cyan Holdings (CYAN): Holdings in Company.

Earthport (EPO): Director Shareholding.

EMED Mining (EMED): Chairman’s AGM Statement and Result of AGM.

Empyrean Energy (EME): Placing of £816,000, Farm-in to Riverbend Project.

Finders Resources (FND): Option to Acquire Processing Plant.

Kleenair Systems (KSI): CVA and Creation of B Ordinary Shares.

Mano River Resources (MANA): Publication of Quarter 1 2009 Accounts.

Metals Exploration (MTL): Final Results for Three Months Ended 31 December.

NetDimensions (NETD): Result of AGM.

Nighthawk Energy (HAWK): Sale of Interest in Jolly Ranch.

Oxford BioMedica (OXB): Updated Trovax Phase I/II and II Results.

Pentagon Protection (PPR): Issue of Equity.

Plant Impact (PIM): License Agreement.

Ten Alps (TAL): Analyst Presentation and Upgraded Website.

Thor Mining (THR): Directorate Change.

Zambezi Resources (ZRL): AIM Cancellation.

Look out for this week

Monday, 1 June 2009 – Results from Ariana Resources (AAU). Hometrack Monthly National House Prices Survey (May). CIPS Manufacturing PMI (May.

Tuesday, 2 June – BSA Savings & Mortgage Lending Figures (April). CIPS Construction PMI (May).

Wednesday, 3 June – Nationwide Consumer Confidence Index (May). CIPS Services PMI (May).

Thursday, 4 June – Bank of England Interest Rate Decision.

Friday, 5 June – UK Producer Prices (May).

Diary items source: Fidessa.

The next Penny Share Review will be posted on Monday, 8 June 2009.

Compiled by Chris Richards.




Risk Warning

There is an extra risk of losing money when shares are bought in some smaller companies including 'Penny Shares'. There is a big difference between the buying price and the selling price of these shares. If they have to be sold immediately, you may get back much less than you paid for them or you may have difficulty in selling them. Past performance is not a reliable indicator of future results. The price may change quickly and it may go down as well as up. You could lose every penny put into a particular share.

The information contained above has been compiled from documented sources which are believed to be reliable but, due to their very nature, are subject to a degree of historical inaccuracy and have not been independently verified and cannot be guaranteed. The pages on this website are provided for information only. City Equities Limited will not accept responsibility for loss incurred by any person or body acting, or refraining from acting, as a result of information and/or opinions given anywhere on this website. Issued by City Equities Limited, Aldermary House, 10-15 Queen Street, London, EC4N 1TY. Registered in England. Registered No. 2742847. Registered Address: Amwell House, 19 Amwell Street, Hoddesdon, Herts. EN11 8TS. City Equities Limited is Authorised and regulated by the Financial Services Authority. Registration No. 155051.